302-320 E Anaheim St - Storefront Retail/Office FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$3,850,000 USD
562-760-7572
302-320 E Anaheim St, Long Beach, CA for Sale
$3,850,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 6.01% Cap Rate

302-320 E Anaheim St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Corner-lot positioning at Anaheim Street and Long Beach Boulevard for maximum visibility.
  • Located within the City’s Metro Blue Line route offering transit access to Downtown Los Angeles.
  • Part of the Midtown Specific Plan area for future urban revitalization and infrastructure improvements.
  • Signalized intersection and strong traffic counts support branding and exposure opportunities.

OVERVIEW

Lee & Associates - Los Angeles/Long Beach, Inc., as exclusive advisors, presents 302-320 E. Anaheim Street, a multi-tenant Long Beach commercial property for sale at the signalized intersection of Anaheim Street and Long Beach Boulevard. Offered at $3,850,000, this ±14,144-square-foot income-producing property contains thirty-one (31) private spaces serving music production, recording, graphic/industrial design, creative office, specialtyworkspace users and seven (7) ground floor retail spaces comprised of a restaurant, hair salon, barber, tattoo studio, electronics store, and smoke shop. Adjacent to the Metro A Line’s Anaheim Street Station and minutes from Downtown Long Beach and the 710 Freeway, the property is positioned for investors seeking a 1031 exchange replacement property, diversified commercial income, measurable rent growth and long-term redevelopment potential in Central Long Beach. Subject to City confirmation, the property may benefit from Long Beach’s updated parking regulations, including potential exemption from minimum automobile parking counts within the City’s Parking Exempt Area and no new parking requirement for qualifying changes of use in buildings more than 10 years old. This creates a more flexible path for restaurant, retail, hospitality, and experiential operators seeking to activate an urban Long Beach location.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

PD29

APN/PARCEL ID

7273-002-001

ASK ABOUT THIS PROPERTY

Sean Lieppman, CCIMLee & AssociatesMore Info
562-760-7572

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sean Lieppman, CCIMLee & AssociatesMore Info
562-760-7572

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.